Stock Markets: Powell said high rates. Markets heard hot economy
Jerome Powell’s words dance in the space between two meanings — surely a result of his ability to satisfy a dual, but oftentimes contradictory mandate.
Source: cnbc.com
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Gold extends gains as Treasury yields rally comes to a halt
The dollar index was below two-month highs while a rally that took U.S. Treasury yields to nearly 16-year highs paused, giving respite to the non-yielding gold.
Source: cnbc.com
Gold rebounds from 5-month lows as U.S. dollar, yields retreat
The U.S. dollar has eased from recent highs and allowing gold to make a modest move higher. Likely some bargain hunting happening for gold at these levels.
Source: cnbc.com
Aluminum had its best month since January. Some stocks stand to gain
Aluminum futures capped July with a 2.72% monthly gain, their second-straight monthly advance and the best performance since January.
Source: cnbc.com
Gold prices range-bound as traders focus on central bank decisions
With a Fed rate hike in the July meeting nearly certain, a positive outlook for gold revolves around central bank buying to drive long-term gold prices.
Source: cnbc.com